{"id":113300,"date":"2021-02-18T06:35:05","date_gmt":"2021-02-18T06:35:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=113300"},"modified":"2021-02-18T06:35:05","modified_gmt":"2021-02-18T06:35:05","slug":"ta-ethereum-surges-to-new-ath-above-1900-why-eth-could-test-2k","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ta-ethereum-surges-to-new-ath-above-1900-why-eth-could-test-2k\/","title":{"rendered":"TA: Ethereum Surges To New ATH Above $1,900, Why ETH Could Test $2K"},"content":{"rendered":"<p><em>Ethereum broke the $1,850 resistance to continue higher against the US Dollar. ETH price traded to a new all-time high at $1,917 and it remains supported for more upsides.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh increase above the $1,850 barrier and traded as high as $1,917.<\/li>\n<li>The price is now trading well above $1,850 and the 100 hourly simple moving average.<\/li>\n<li>There was a break above a major bearish trend line with resistance near $1,800 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could correct lower, but the bulls are likely to remain active near $1,880 and $1,850.<\/li>\n<\/ul>\n<h2>Ethereum Price Breaks Key Hurdle<\/h2>\n<p>Ethereum remained stable above $1,800 and it finally managed to gain strength above the $1,820 and $1,840 resistance levels. A support base was formed near $1,800 before there was a fresh increase.<\/p>\n<p>More importantly, there was a break above a major bearish trend line with resistance near $1,800 on the hourly chart of ETH\/USD. The pair gained pace above the $1,850 resistance and settled nicely above the 100 hourly simple moving average.<\/p>\n<p>Ether even cleared the $1,900 level and traded to a new all-time high at $1,917. The price is currently consolidating gains near the $1,900 level. An initial support is near the $1,890 level. It is close to the 23.6% Fib retracement level of the recent increase from the $1,801 swing low to $1,917 high.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2021\/02\/Ethereum-15.png\"><\/p>\n<p>Source: ETHUSD on TradingView.com<\/p>\n<p>On the upside, ether price could clear the $1,917 high and $1,920. A successful break above the recent high is likely to open the doors for a push above the $1,950 level. The next major resistance for the bulls sits at $2,000.<\/p>\n<h2>Fresh Dip in ETH?<\/h2>\n<p>If Ethereum fails to extend its rise above the $1,920 level, there could be a downside correction. The first major support is near the $1,880 level. The next key support is near the $1,850 level. It is close to the 50% Fib retracement level of the recent increase from the $1,801 swing low to $1,917 high.<\/p>\n<p>The main support is forming near the $1,800 level and the 100 hourly simple moving average. A downside break below the $1,800 support might call for a sharp decline to $1,700.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> &ndash; <\/strong>The MACD for ETH\/USD is showing positive signs in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &ndash; <\/strong>The RSI for ETH\/USD is now well above the 50 level.<\/p>\n<p>Major Support Level &ndash; $1,850<\/p>\n<p>Major Resistance Level &ndash; $1,920<\/p>\n<p>Source: <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-eth-aims-2000\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum broke the $1,850 resistance to continue<\/p>\n","protected":false},"author":3,"featured_media":113299,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TA: Ethereum Surges To New ATH Above $1,900, Why ETH Could Test $2K - 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